BTCUSD price has found support at the 200-EMA which is a good sign and also it provided a bullishEMA crossover in the past which is holding the trending up.
BTCUSD Price Analysis: 1 D Chart
For now, BTCUSDis forming this huge parallel channel where it has the possibility to form a bullish flag when the flag confirms to the upside.
The volume is decreasing which means it can increase in volume and volatility soon. After the trend has confirmed we will see how bullishBTCUSDreally is. The RSI is sending moderate signs where it is consolidating in the middle line this can mean it will visit the oversold or overbought region when the price is trending.
The MACD shows some mixed signs where it confirmed a bearish crossover but this was not really valid because the MACD is slinging in one and another.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at email@example.com